2018
DOI: 10.1596/1813-9450-8679
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The Economic Case for Education in Vietnam

Abstract: The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Ba… Show more

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Cited by 10 publications
(6 citation statements)
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“…Among all educational subgroups in Vietnam, higher education graduates today have the best labor market outcomes in terms of labor force participation, type of jobs, and wage earnings. The returns to higher education are around 15 percent which are significantly higher than the regional average, one of the highest in the World (Patrinos, Thang, and Thanh 2017).…”
Section: Why Higher Education Is Vital For Vietnammentioning
confidence: 89%
See 1 more Smart Citation
“…Among all educational subgroups in Vietnam, higher education graduates today have the best labor market outcomes in terms of labor force participation, type of jobs, and wage earnings. The returns to higher education are around 15 percent which are significantly higher than the regional average, one of the highest in the World (Patrinos, Thang, and Thanh 2017).…”
Section: Why Higher Education Is Vital For Vietnammentioning
confidence: 89%
“…The progress of East Asian economies in recent years illustrates a strong symbiotic relationship among higher education, innovation, and growth through the production of research and skills. In the case of Vietnam, higher education has a significant positive effect on household poverty and long-term earnings at the individual level, where annualized private returns to higher education are above 15 percent, one of the highest levels in the world (Patrinos, Thang, and Thanh 2017).…”
Section: Executive Summary Introductionmentioning
confidence: 99%
“…While Vietnam's education system has performed admirably with respect to expanding enrolments, increasing average years of schooling, and generating eye-catching assessment results, its effectiveness in promoting the types of knowledge, learning, and skills that Vietnamese children need and want remains lacking. To date, Vietnam's middling performance in learning soft and cognitive skills and the development of post-secondary education are recognized as lags on the country's economic performance and threatens to limit its prospects for the medium and long terms (Patrinos et al 2018). From the perspective of education and learning's contributions to productivity and sustained economic growth, improvements in learning will determine whether Vietnam's future development is on the low-road (e.g.…”
Section: Contemporary Outliers and Regressions To The Meanmentioning
confidence: 99%
“…Increased global trade and open economies is leading to changes in skilled/unskilled wage ratios (Colclough et al 2010). But increased openness has not reduced skill differentials but widened them, with increased global demand for higher skills (Colclough et al 2010;Patrinos, Thang and Thanh 2018). Education systems do not seem to able to mediate this relation.…”
Section: Causes Of the Changed Patternmentioning
confidence: 99%